CMA CGM's debt plan at risk amid virus fears
The coronavirus outbreak is threatening to scupper a debt refinancing for the world’s fourth-largest container shipping company.
By Antonio Vanuzzo and Laura Benitez, Bloomberg News
France’s CMA CGM SA is aiming to start refinancing its debt pile by the end of next month. The Marseille-based company, one of the biggest maritime carriers out of China, is seeking to extend about USD 400 million of loans and is also in talks with creditors to refinance about EUR 725 million (USD 784 million) of bonds due in January.
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